Well, I´m still full of awe at how the Jesuites conquered an entire continent (central and South America) without an arrow, led or sword. Ideology, theology, guilt and mind control. That beats economy, everything you know ! And now, they´re going at it again, in full scale. With a slowly but surely control of the government, aka the Vatican; Pope "Pancho1" and his order are using demagogue measures to reclaim their long lost kingdom, human consciousness. Francis I is just the Spear Head of a much deeper, darker force you see. They´re convincing us that faith is the ultimate drug, and that we can´t live without Pandora´s curse. Please, don´t speak to me of Love or God men. You´re just the same as me, fearfull of the inevitable end...

Simple. Elect Barack Obama.

The Greek story is far from over. If the present status quo stands, all the other debtor countries in the EU will demand similar treatment. The Germans will be unable to support them all, and will be forced to pull out themselves!

At that point the debtor countries will finally have to make the hard choice -- either abandon the welfare state, or use the printing press to fund it and become banana republics.

Absolutely right. Clear as a mountain stream. Reading of the economic collapse of Greece could turn your head inside out with all the b.s. attached. There is a saying about economists. "If you stood them all in a circle, they'd all point in different directions."

Valid observations, jim.

Greece is just a footnote that lets you know that whole European experiment is a farce that will not work without a total meltdown. You take a broke country like Greece or Italy or Spain or Portugal or Ireland, then give it money at a cut rate to what they had experienced while out of the Union of Countries and they are going to spend and spend. They are getting credit they don't deserve at rates they don't deserve. It would be like giving a credit card to college student at 1.9% interest or giving a home owner a interest only loan on 150% the value of the house or give a house loan to those that cannot afford the payments. Oh wait, people do that or did that and that is some of the reasons we had the crash. Anyway, with Greece, a lot of the money went out of the country into private bank accounts, just like all other countries, yes, even here. So, Puerto Rico is heading in the same direction, where the banks and hedge funds control everything as they control the debt and as a US Territory, PR cannot declare bankruptcy, just like Greece in the Union. The whole system is corrupt and needs reform but they pay to much money to politicians, so no reform for them.

Maybe time to "short" the DOW and NASDAQ? Buy some options on puts for December/January?

If you can and are willing to take a risk, and see this coming, you could make a fortune when everyone else is crashing...

You mean like "prevailing wage" ...Which is of course 30% more than the highest wage paid... A brainchild of our corrupt and failing government... As mandated from their union kickbacks!

EXTREME Patience, and LONG term planning, KNOWING it will take possibly two generations.

Nikita Khrushchev: "We can't expect the American People to jump from Capitalism to Communism, but we can assist their elected leaders in giving them small doses of Socialism, until they awaken one day to find that they have Communism."

Of course it is long term planning and people to damn stupid to actually reason on what is happening. We call that a conspiracy, and it is REAL!!!

Another expose on the workings behind The Matrix. More of us are awake every day.

Another card has been removed from the house of cards.

Yes, the government bought into the con completely as looters often do when it seems to be something for nothing. The dangers of trusting the government should be a required course taught 4 or 5 times over the 12 years in school. I think the saying is, "you can't con an honest man."

That is all a bunch of nonsense. Or, it is "sense" if you accept the premises of current banking regimen. I studied it well in 2009-2010 in two graduate classes in international monetary systems and transnational enterprise. But, if you start from first principles, and think this through from an Austrian (praxeological) perspective, you get a different answer.

The government of Greece is insolvent because they pay out more money in benefits than they take in in taxes. Retirement is at age 55 and is the most generous in Europe.

When Greece was admitted to the EU, the government took on even more debt for "public works projects" of little practical (financial) value. Bids were always over-valued, with the government being charged more than an equivalent private party.

More fundamentally, Greece is a kleptocracy - and has been since Homer's day...

What I find truly amazing is the fact that there are those who won't even consider the possibility of it happening here. Even before the new super secret Asian agreement.